Friday, August 10, 2012

Morning Real Estate Review

Millers unveil plan for H Street Crowdsourcing (CityPaper)  Sons of Herb Miller will sell shares in Maketto, the new H Street restaurant, for $100.

Mendelson calls for hearing on assessment scandal (Washington Post)  The newly minted Council Chairman reacts mildly to the flap over lowered assessments, but says the Council should investigate the matter thoroughly, starting with hearings.

Mortgage delinquencies increase (Mortgage Bankers Assn) The latest MBA survey shows residential delinquencies increase to 7.58% of all outstanding loans in the second quarter, an 18 basis point rise over the first quarter of 2012.

Mortgage rates edge higher for 2nd straight week (Washington Post)  The average 30-year fixed rate is now 3.59%, up slightly from its all time low.

Urban home prices rose in second quarter (HousingWire) According to an NAR survey, homes in 110 of 147 metropolitan areas rose in value during the 2nd quarter, due to tightening inventories.



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